S 2236
118th Congress
Senate
Taxation
Casualty Loss Deduction Restoration Act
Introduced: July 11, 2023
Introduced by:
Blumenthal, Richard
Democratic
· Connecticut
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 11, 2023
Read twice and referred to the Committee on Finance.
Jul 11, 2023
Introduced in Senate
Plain-English summary
Casualty Loss Deduction Restoration Act
This bill eliminates the suspension period (2018 through 2025) for the tax deduction for personal casualty lossess and increases from $10,000 to $50,000 the limitation on allowable amount of the deduction.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1